shareholding percentage allowed under the laws of the Philippines. The shares acquisition transaction was subject to the approval from the meeting of the shareholders and upon certain conditions precedent under
only gradually picked up. Even then, such growth remained uneven; improvement was seen only in certain businesses and in some areas. On the downside, however, trade policy uncertainty, in particular
decrease in income from insurance business. Our coverage ratio rose over-year, while gross NPL ratio decreased slightly from the end of 2017, despite the deteriorating quality of loans granted to certain
debate within the board of directors, and ongoing engagement and dialogue with shareholders) makes the company more attractive to investors and lenders. In a region where corporate governance risk remains
timing for tapering - or ending – of their accommodative monetary policy frameworks. Certain central Asian banks were seen raising their policy rates at the end of 2017 to ease inflationary pressure. In
capital market. Nonetheless, the SEC still identified certain deficiencies in the quality control system in this inspection cycle such as rotation of auditors, insufficiency of human resources, completeness
”) of Jasmine Broadband Internet Infrastruct ure Fund (the “JASIF”) to certain investors. The Company has entered into an agreement to sell 540,000,000 Units on 15 May 2018, subject to certain condit ions
in the Thai capital market under certain limitations and clearly defined conditions. In this regard, the SEC Board would have the power to exempt businesses with certain characteristics from being
services to keep pace with the changing market landscape. Given such conditions, revisions and modifications of the Securities and Exchange Act B.E. 2535 (1992) were proposed to amend certain provisions
considered all relevant aspects and were certain that the nature and scope of the non-audit services provided to their audit clients would not jeopardize their independence. For any particular circumstances in